Agreements with India and Adani cannot be cancelled due to sovereign guarantee: Energy Minister

He said these things while participating in a discussion at Hotel Pan Pacific Sonargaon in the capital on Saturday.

The minister said a sovereign guarantee is a banking instrument, on the basis of which those companies have taken loans from various banks. After a country gives a sovereign guarantee, it can negotiate, but it cannot cancel the agreement or the guarantee. If it is cancelled, the country's credit rating in the international arena will fall and people abroad will no longer trust us.

He said a delegation has already held discussions with India, and discussions are ongoing on overall issues including electricity coming from Tripura. Noting that there is already a power deficit in the country, he said if negative impacts occur due to taking tough decisions, there will be no electricity in the country. Therefore, efforts are ongoing to reduce electricity prices while managing everything.

The minister said sovereign guarantees have similarly been given in the case of domestic private power plants (IPPs), and the government is bringing them to the negotiating table to talk about reducing prices. However, due to the global war situation, coal-carrying ship fares and other fuel prices have increased, so producers are instead demanding price increases. He also commented that if the global situation had been normal, the government might have been able to negotiate better.